Nostalgic Hardware Store

Not Disclosed, MI


Asking Price: Annual Revenue:
$550,000 $580,000

Retail: Hardware, Bldg. Materials, Garden Center


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RE: Nostalgic Hardware Store Broker: Roy Huffman
Owner Financing is Available!
Seller is willing to help if needed for the buyer to get a loan.

Quick Facts

Asking Price: $550,000
Annual Revenue: $580,000
Net Profit: Not Disclosed
Cash Flow: $105,129
Total Debt: Not Disclosed
FF&E: $34,000
Real Estate: $250,000
Year Established: 1938
Employees: 13
BBN Listing #: 47812743
Broker Reference #: 13-010

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Business Overview:

The business is a basic hardware store with a very large nuts and bolts area and builder’s hardware. They have foot traffic of about 300 customers per day.

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Market Competition and Expansion:

There are four hardware stores in other parts of town and 2 big box stores more than five miles away. They have room to use one of the outbuildings for a Lawn and Garden area with live goods. They do small engine repair and this could be expanded. They could also add Stihl products. They did a lot with water heaters at one time and this area could be expanded back to old levels if they started back with insulations.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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